Thermax Inc. has 10 million shares outstanding. The firm is planning to issue an additional 1 million
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Thermax Inc. has 10 million shares outstanding. The firm is planning to issue an additional 1 million shares. After selling these shares at their $15 per share offering price and netting 97% of sale proceeds, the firm is obligated to sell an additional 100,000 shares at 80% of the offering price. In total, how much will the firm net from these stock sales?
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Related Book For
Principles Of Managerial Finance Brief
ISBN: 9781292267142
8th Global Edition
Authors: Chad J. Zutter, Scott B. Smart
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